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the economy have enough kick in it to withstand the sequester? and a big win for activist investor david einhorn in his fight to get apple to share the wealth, with its shareholders. that and more tonight on "n.b.r."! if you get a paycheck, no doubt you have seen it shrink this year. higher payroll taxes have taken 2% out of working americans take home pay. at the same time, gasoline prices have been rising and fast. together, this cuts into the spending power of consumers, and that's bad news for a host of companies, from restaurants to retailers. erika miller reports on how some of these firms are trying to fight back against the pay pinch. >> reporter: virtually every worker in america is taking home 2% less in pay this year because of higher payroll taxes. that's not just bad for consumers, it's also bad for businesses. three out of four households are cutting spending to cope with lower pay. for one out of three households, it means eating out less. consumers are also changing where they dine. >> we are moving from casual dining, down to fast casual, down to the fast foods. so you a
how much is enough, when it comes to boosting the economy, by buying government bonds. >> susie: i'm susie gharib. can two weaklings become strong by teaming up. that's what office depot and office max are hoping for, as they decide to merge. >> tom: and a mixed picture on housing, contractors break ground on more single family homes, but pull back on building apartments and condos. >> susie: that and more tonight on "n.b.r."! how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy. here's what those fed minutes revealed: "many" policymakers voiced concerns about "potential costs and risks" from more bond buying. others said that the easy-money po >> the president says the economy is improving, but we have to do better. he says republicans don't have a clue, and that austerity is not the answer. he says it is time to educate our children and rebuild our infrastructure. the president's fourth state of the union. how do we pay the bill? >> nothing i am proposing tonight should increase our deficit by a single dime. >> the president offered more of the same -- higher taxes and more stimulus spending. >> the president wants congress to come up with $40 billion to improve infrastructure, wants to raise the minimum wage to $9 an hour, wants a new energy bill similar to cap-and-trade, wants preschool for every 4-year-old in the nation, tax reform, gun control, citizenship for undocumented immigrants. what are his chances, charles? >> approximately zero. he is talking as if we have a huge surplus so we can start spending all over again inaugural address was the philosophical statement of what i call this left-liberalism, the state of the union address is the programmatic expression of that. there a social ill that h
and central bankers from the world's biggest economies meet to debate spending cuts versus growth. we look at international investing and pockets of strength around the globe. and, hedge fund manager carl icahn ups his stake in herbalife, calling the vitamin maker a legit business. that and more tonight on "n.b.r." investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stoc
members urged caution in withdrawing stimulus to the economy prematurely. the fed policy board is expected to examine the effectiveness of its asset purchasing program more closely after its next meeting in march. housing construction is a key indicator of the health of u.s. economy. the number of permits for new construction rose for a third straight month. this suggested recovery in the housing market remains on track. department of commerce officials say housing starts last month came to 890,000 units. that's a decline of 8.5% from december. construction of condos and other multifamily tumbled 26%. the drop was enough to offset a rise. housing permits rose 1.8% from december. that's the highest level since june 2008 before the start of the global financial crisis. let's get a check on tokyo markets. first taking a look at stocks. market sentiment is damaged. the nikkei is trading at 11,423. sources say investors are selling export related issues to take profits after recent gains. moving onto currencies now. the fed minute that hint at scaling back monetary easing has led to dollar buyi
. ai joins us from the business desk. >> major economies embark on similarly bold monetary easing measures just as japan. it works to weaken all of their asor japan a report from the international monetary fund dismisses worries that japan's monetary easing could lead to a global currency war. the concerns are overstated. the report states the recent move in the currency market is correcting the excessively strong yen. it says recent market moves reflect the fundamentals of the global economy. imf officials point out that japan's trade deficit is growing and moves by traders to by the yen as a relatively safe currency has paused. these factors led to weaker yen. stronger monetary easing measures are needed. the report was issued at the g20 meeting that took place last weekend in moscow. >>> many participants at a recent trade policy meeting may also have backed japan's economic program, but some concerns aut the falling yen. japan's representatives faced a policy review at the world trade organization in geneva. wto members generally welcomed japan's economic program. they said th
.s. economy is not adding jobs, the claims for uninsurance benefits up pas past-- combined with continued worries about economic growth lead the major stroke averages lower within the s&p 500 off by 9.5. >> susie: stocks weren't the only investments falling today. many commodities also ended lower, on top of steep declines yesterday. u.s. oil futures fell to there lowest point this year, closing at $92.84 a barrel. so what's at the root of the commodities sell-off, a will it continue? erika miller reports. >> reporter: selling was heavy in crude oil today, as it was in most commodities. but crude also fell on new inventory data showing a big jump in oil supplies. >> today we had an inventory number which came out, which we were expecting a build of around two million barrels. we got a build of around four million barrels. >> reporter: across the room, gold futures were little changed. although industrial metals like platinum and palladium got slammed. grain prices also plunged, with wheat hitting an eight-month low today. the thomson reuters-jefferies c.r.b. index, a global commodities be
to just a bad economy. it's not terrific to kind of dream of big things if you're living in an economy where those are not going to happen very often. but it was also an entire kind of spiritual, philosophical, religious paraphernalia that had really convinced large numbers of people that destiny is something you get from the outside world, you inherit rather than make. and when i moved back, the most striking thing i found-- and i found it day after day over six years-- was that people now believe that destiny was man-made and woman-made and child-made, and they believed that you... as one of my characters says in the book, "our generation believes our decisions are our destiny." there's, in a way, no more subversive idea a society could get a hold of than that idea. everything else can kind of be derived from that idea. and so a lot of things have not yet come to india, but that has come to india, and a lot is coming out of it. >> hinojosa: but this notion that now, you know... when i'm watching popular culture with my kids, teenagers in the united states of america, and then they al
. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21scentury. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. after aurora, after virginia tech, after columbine, the question of gun violence becomes a recurring national conrsation. this eveng, wshour joins pbs in a week of special coverage on the topic of gun violence: "after newtown." the waves of reaction since december's connecticut school shooting continue to reverberate from coast to coast. >> now! ifill: as gun-control activists push for stricter laws. and gun owners chafe against the prospect of new regulation, crossing for... causing for now an increase in sale in firearms and attendance at gun shows. that dpebt is now spreading we
costs is one of the principal entitlement costs that unless reformed will bankrupt the economy. >> yes, but here's how to lower the cost. lower the age of medicare, not raise it. >> rose: you are opposed to raising it, so that you don't get medicare until you are older. >> if you want to raise the taxpayers money in the context of obama care and health-care system today, i make, i think, a fairly coghent argument in this article that if you lower the age to 64, there is a woman in hereho ends up in the emergency room, bridgeport hospital. who, no, the standford hospital who is 64 years old and 11 months. a month away from medicare. she's got no insurance. her bill is $21,000. medicare would have paid about $800 for that. now you say well, okay, but the taxpayers would have paid the $800ment she's going to pay the $21,000. first of all she is not. she is doesn't have the money. second under obama care, she will be required to have health insurance. she will pay much higher premiums because the big insurance companies, aetna, cigna, you name it, pay hospitals much, much more for that ser
a vote of confidence for the stock market, but she worries about long-term ramifications for the economy. >> i'm not so sure how much consolidation is actually good because that to me actually means job losses at the administrative level, factory level and even c.e.o. level. so-- i'm not that worried about the c.e.o.s, but still. >> reporter: this year, as m&a activity heats up, stocks have resisted a much talked about correction. the dow, s&p 500 and nasdaq are all up a healthy amount. investment pro sam stovall says if the majority of deals are cash, as many have been in 2013, it suggests the m&a cycle is just getting started. >> it's later in the cycle when a lot of m&a activity takes place where it's purchased for stock. then companies are basically saying, "we think our stock is overvalued, let's use it while we can to buy the competition." >> reporter: there may be a lot more corporate marriages in the months ahead, but stovall says the stock market still needs to digest its recent gains. >> i think that we could end up seeing a relatively mild correction in prices, something on th
on tonight's newshour. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a u.s. security firm charged today there's an all-out effort to break into computer systems in the u.s. and elsewhere. the report laid out an extensive case against china and its military. the newest allegations of cyber attacks by the chinese government came up at the white house today. reporters asked spokesman jay carney about a study that blames china's military for a large-scale years-long hacking campaign. >> we have repeatedly raised our concerns at the highest levels about cyber attacks with senior chinese officials, including in the military, and we will c
the persian gulf and other theatre, and that's a big effect on local economies, in areas like rampton rode, virginia, san diego. and it's an effect affect that will be clearly felt on contractors who ry on navy contracts for shipbuildings. so i think the affects will be gradual. no one can really tell when the agencies will sort of pull the plug. and as i said, the cuts nay not take effect for that long. >> suarez: you said at the outset there is a political dimension to this. of course as we enter the final week there most certainly is what is the they are telling opinion researchers if friday comes and goes without a deal? >> well, i think part of the problem is that many americans don't really understand what sequestration is. it's become this obsession in washington. but many people are only just now beginning to become aware of it. but the recent, a recent poll by the pew center for research said that many more republicans would be held responsible than would the obama administration. on the other hand, as i said earlier, republicans have been putting pressure on the administration fo
sanctions been on iranian behavior. >> well they certainly affected the economy, had a huge effect on the economy and led to the devaluation of the iranian currency. but it's an excellent question because there's some talks coming up now in kazakhstan of all places in late february involving the eu, the united states and the iranians. and so this is going to be a venue in which people are going to be able to see to a certain extent how serious iran is about negotiating on limits on its nuclear program. there hasn't been negotiations for some significant period of ti. and this is an opportunity to test the iranians. i think this initial round is not going to prove much but certainly over the next six months, i think there will be an ample opportunity to see if there is an intent on the iranian part to reach some sort of compromise. >> rose: leon panetta and others have said the following. we have no information that there's been a decision on the part of the iranian government and the most influential people there to builds a nuclear weapon and a missile that will deliver it. what
accountable to the voters. her top priority? growing connecticut's economy. >> we talked a lot about jobs and the economy and in my district one of the central features has been around small business and that's particularly important for women because so many small businesses are run by women. and this is a tremendous opportunity all across my district, including for the inner cities where you see a lot of entrepreneurship but we don't have a lot of access to credit. but it's also an opportunity around manufacturing which happens to be quite important in my district as well. and there are wonderful jobs but we don't have the skill sets so i'm very interested in looking at developmental skill of young people in high school and in community colleges, for example, to have skills that will allow them to do manufacturing in the 21st century. >> and despite being in the minority party, she feels she can get all this and more done. >> i am an optimist and i want to see forward progress for this country. so i hope we movforwrd wh the resolution that allows us to really address these long term iss
force that will help the united states compete and win in a global economy. it will not be easy or gentle. it will not be quick. it will require a struggle over power and money. my grandmother asked how hard can that be? very." so tell me about the struggle th has to be fough well -- >> engaged. >> look at where we are as a country. we are ranked 14th, 17th, and 25th out of all developed nations in reading, science and math respectively. our 25th ranking in math puts us behind countries like hungary and slovakia, which is -- i mean this is just not who we are as a nation. and in order to -- >> rose: not what made us great. >> no. and it's not going to make u eat the fure unless we fix it. and i think that, you know, if you look at america today we have one of the lowest social mobility rates in the entire world. meaning if you are a child born into poverty in this country, the chances you will ever escape poverty are not good. which i think goes counter to everything we believe in as a country. so what's at stake is the lives of kids and the values of this nation which i think
, returned $140 to our economy. every dollar. today, our scientists are mapping the human brain to unlock the answers to alzheimer's. they're developing drugs to regenerate damaged organs, devising new materials to make batteries 10 times more powerful. now is not the time to gut these job-creating investments in science and innovation. >> suarez: doctor francis collins was the head of the human genome project back then. tod he's the director of the national institutes of health, which would coordinate much of the brain project. and he joins me now. good to have you back. >> nice to be with you, ray. >> suarez: there's research going on in universities around the country, institution around the world in to how the brain works. why do we need government capital flowing into this area? >> because there's a new technology opportunity here that wasn't really present four or five years ago, and the opportunity now exists in the similar way to the genome project about 30 years ago to build an intrp based upon new technology invving nanotechnology, opto genetics, some things that are pretty rece
in the modern economy. he needs to, in order to reformat the republican message, have that 250i7 of message but he's got time. you for example the good thing is he has time. >>hat do we read from the fat, chl and mark, as we said not one but two republican responses. the over one was rand paul, tea party. obviously this is just the tip of the iceberg but what does it is a about the republican matter right now. >> i think the republican party going through a very difficult period. just to give you sort of a quick history lesson, joe leiberman was democratic senator, nominee for vice president in 2000. in 2007 he created a great-- committed a grea great-- oppose tate act. he endorsed john mccain as president. he went tohe republican convention we are criticized, the democrat eck nominee barack obama and endorsed mccain and sarah palin. and when joe campaigned in 20080 with mccain, comes back to the senate and senate democrats make him the chairman of standing committee, contrast that with chuck hagel. 84% of americans for conservative action, voting record in his canner radio, voting for the
technology has seeped into more and more crevices and nooks of the economy. because when i started at sequoia capital there's no way that we would have considered investing in a payments company, a financial services company, a media company. an advertising company. all of those sorts of things we've invested in quite happily in the last 15 years. it was technology and-- seeping out everywhere. >> rose: at the core of every business. >> exactly. and where technology goes, we follow. >> rose: you've been outspoken or at least you've made public statements saying wait, don't be so critical of apple because of the decline in the stock price. you believe i the futu o apple and there's nothing, no reason not to be excited about the continued growth of that company. >> i'm not a soothsayer. all i was trying to do in the pandemonium after they announced their results recently was just try to paint a picture of realistic expectations for a company that is now as large as apple is. and-- . >> rose: second largest company in the world. >> and the point that i was making was that if the growth rate of t
-backed securities that almost sank the world economy. cantor's also the third largest recipient of money from the national rifle association in the house, which is one reason he's such a "big gun" there. senator robert menendez, democrat of new jersey, may be in hot water. 's currently under investigation for allegations that he improperly intervened with government agencies on behalf of a big donor. and there's fred upton, republican from michigan, chairman of the house energy and commerce committee. what a coincidence. the oil and gas industry is one of his top donors, helping him raise the $4 million dollars he spent last year to win re-election. senator kirsten gillibrand and senator chuck schumer, democrats of new york, have wall street as a constituent and patron. her biggest contributors include jpmorgan chase, morgan stanley, goldman sachs, and law firms that have advised them. his top donors include securities and investment firms, lawyers and legal firms, and lobbyists. and there are fleeting glances of some familiar faces here tonight seen recently on our broadcast. senator mitch m
oble at home unless we have an international outlook because of the interconnectedness of our economies, competition and so for us to all of a sudden pull up the gangplanks and worry about ourselves alone i think will bring the kind of problems that we saw before. nothing is a complete analogy, but i do think that there are some lessons learned from this. i do also believe that many americans do understand that we have a stake in what is happening inther countries. the part that i think we need to understand now is i believe in the strength of america. i think that we have a huge role to play in the world but i don't see why we have to do everything alone and so i very much agree with the approach of having partners where we can, in fact, help in other parts of the world together. that would be my shortest version of what i believe in and that i really do think while i understand the pain of people in this country ithink only solution t resolving it is for us to be active internationally with others. >> rose: one question is whether that's what the rest of the world wants. many people c
for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> suarez: there may be hope yet for bringing the national epidemic of obesity under control. at least, the latest numbers on calories and fast food, released today, indicated possible progress. for years, health officials have warned about americans' growing girth. now, research from the centers for disease control and prevention suggests the fight against fat may be having an effect. among the findings: american children consumed fewer calories in 2010 than a decade before-- 7% less for boys and 4% less for girls. and for adults, fast food accounted for just over 11% of the calories consum
Search Results 0 to 27 of about 28 (some duplicates have been removed)